Sovcomflot BoD recommends payment of RUB 1.12 mln as dividends for 2014

The meeting held by the Board of Directors of Sovcomflot Group on April 7 considered the financial results of SCF in 2014. The BoD recommends payment of RUB 1.126 mln (25% of IFRS profit) as dividends for 2014, the Company says in its press release.

Sovcomflot Group (SCF) is Russia’s largest shipping company and a world leader in the maritime transportation of hydrocarbons as well as the servicing and support of offshore exploration and oil & gas production. SCF is the largest operator of ice class LNG gas carriers in the world. The company’s fleet (owned & chartered) specialises in hydrocarbon transportation from regions with challenging icy conditions and includes 153 vessels with a combined deadweight of about 12.6 million tonnes. A third of these vessels have a high ice class. Sovcomflot supports large-scale offshore energy projects in Russia and overseas, including: Sakhalin-I, Sakhalin-II, Varandey, Prirazlomnoye, Tangguh, and Peregrino. The company is registered in Saint-Petersburg and has representative offices in Moscow, Novorossiysk, Murmansk, Vladivostok, Yuzhno-Sakhalinsk, London, Limassol, Madrid, Singapore and Dubai.

Related link:
Sovcomflot posts net profit of USD 83.9 mln in 2014 vs. loss of USD 39.2 mln in 2013>>>>